Analysts Set Element Fleet Management Corp. (TSE:EFN) Target Price at C$41.88

Shares of Element Fleet Management Corp. (TSE:EFN) have been assigned a consensus recommendation of “Buy” from the eight research firms that are covering the company, MarketBeat reports. Eight analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have covered the stock in the last year is C$41.88.

EFN has been the subject of a number of recent research reports. TD dropped their price objective on shares of Element Fleet Management from C$41.00 to C$38.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Royal Bank Of Canada decreased their target price on shares of Element Fleet Management from C$47.00 to C$40.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. Finally, Raymond James Financial downgraded shares of Element Fleet Management from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from C$42.50 to C$42.00 in a report on Thursday, May 7th.

Element Fleet Management Stock Up 0.1%

TSE EFN opened at C$30.56 on Friday. The stock has a 50 day moving average price of C$28.32 and a 200-day moving average price of C$31.22. Element Fleet Management has a one year low of C$25.32 and a one year high of C$38.26. The company has a debt-to-equity ratio of 358.10, a quick ratio of 5.70 and a current ratio of -1,554.01. The company has a market capitalization of C$12.10 billion, a P/E ratio of 41.30, a P/E/G ratio of 2.97 and a beta of 0.61.

Element Fleet Management (TSE:EFN) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported C$0.49 earnings per share for the quarter. The company had revenue of C$879.58 million for the quarter. Element Fleet Management had a net margin of 12.38% and a return on equity of 10.62%. As a group, equities analysts predict that Element Fleet Management will post 1.6884016 EPS for the current fiscal year.

Element Fleet Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.60 dividend on an annualized basis and a yield of 2.0%. Element Fleet Management’s dividend payout ratio is 52.84%.

Insider Buying and Selling at Element Fleet Management

In other news, insider James Halliday sold 67,102 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of C$28.07, for a total value of C$1,883,553.14. Following the completion of the sale, the insider directly owned 54,301 shares of the company’s stock, valued at C$1,524,229.07. This trade represents a 55.27% decrease in their position. Also, insider Laura Lee Dottori-Attanasio bought 35,800 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was bought at an average price of C$27.94 per share, with a total value of C$1,000,252.00. Following the acquisition, the insider owned 397,600 shares in the company, valued at approximately C$11,108,944. This trade represents a 9.89% increase in their position. Insiders have purchased a total of 38,420 shares of company stock worth $1,073,612 over the last ninety days. Company insiders own 0.26% of the company’s stock.

Element Fleet Management Company Profile

Element Financial separated into two independent public companies in October 2016. The former company now consists of Element Fleet Management, a global fleet management company, and ECN Capital, a commercial finance company. Element Fleet Management provides management services and financing for commercial vehicle and equipment fleets. The company’s suite of fleet management services deals with acquisition and financing, to program management and remarketing. ECN Capital operates across North America in three verticals of the equipment finance market: commercial and vendor finance, rail finance, and commercial aviation finance.